41
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$5,400,000
Est. payment /mo
2 Beds
1 Bath
22,218 SqFt
Active
701 W Highpoint Dr Stillwater, OK 74075-0000
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Key Details
Property Type Multi-Family
Sub Type MULTIFAMILY
Listing Status Active
Purchase Type For Sale
Square Footage 22,218 sqft
Price per Sqft $243
Subdivision High Point Addi
MLS Listing ID 134078
Bedrooms 2
Year Built 1977
Annual Tax Amount $7,010
Tax Year 2025
Lot Size 1.020 Acres
Lot Dimensions 1.02 Ac m/l
Property Sub-Type MULTIFAMILY
Property Description
Premier Investment Opportunity – Fully Renovated Condominium Portfolio. Welcome to 701 Highpoint Drive—an exceptional, turnkey investment opportunity in one of Stillwater's most desirable and high-demand locations. If your investment portfolio is lacking, this property delivers immediate performance and long-term potential. This impressive offering includes three buildings totaling 24 fully remodeled condominium units, each featuring 2 bedrooms and 1 full bath with a modern, open-concept kitchen and dining layout designed for today's lifestyle. Completely renovated in late 2025, every unit showcases high-quality, contemporary upgrades including: Brand-new windows and HVAC systems. Durable wood flooring throughout. Updated appliances, cabinetry, and stunning quartz countertops. Innovative, space-saving features such as 2-in-1 sink/dishwasher units and all-in-one washer/dryer combos. These thoughtful enhancements create a sleek, efficient living space while minimizing maintenance and maximizing tenant appeal. The property boasts a clean, modern aesthetic from top to bottom, offering peace of mind with essentially “like-new” construction throughout. Location is unmatched—just minutes (approximately 3 blocks) from Oklahoma State University, Stillwater High School, shopping, dining, and a scenic walking path to Boomer Lake, ensuring consistent rental demand. Investment Highlights: 24 Units at $1,500/month = Strong income potential. Recently completed renovation (December 2025). Already 100% occupied. Individually metered utilities (electric & gas paid by tenants). Owner pays water. Flexible covenants allowing Airbnb and short-term rentals. With immediate cash flow, modern upgrades, and a prime location, 701 Highpoint Drive is a rare opportunity to acquire a stabilized, high-performing asset in the thriving Stillwater market. PNL available with pre-approval
Location
State OK
County Payne
Area Northwest
Zoning Multi Family Planned Stw
Interior
Heating Forced Air
Cooling Central
Exterior
Exterior Feature Brick Veneer
Parking Features Ground Level
Building
Story 2
Water City
Level or Stories 2
Schools
School District Will Rogers Elementary
Others
Ownership Mark Stillwater, LLC
Listed by REAL ESTATE PROFESSIONALS
NEARBY SCHOOL & BUSINESS
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